Affordable insurance for NTUC members that provides coverage for death, permanent disability and more.
We pay the sum assured in the event of death.
We pay the sum assured in the event of total and permanent disability. In addition, we pay a further monthly payout of 1% of the sum assured for the next 12 months or until the insured reaches the age of 65 or until the insured dies, whichever is earliest.
We pay a percentage of the sum assured described in the table of compensation.
You can get a daily hospital cash benefit of up to $100  for up to 365 days for each period of hospital stay in Singapore.
We pay the sum assured upon diagnosis of a critical illness  including major cancers, heart attack of specified severity and stroke. For angioplasty and other invasive treatment for coronary artery, payment is limited to 10% of the sum assured, subject to a maximum of $25,000.
You can get 3% to 10% discount on your premium.
You must be a NTUC member to apply for cover under LUV. If you take up this policy at 60 years old and below, you will be covered until the age of 70. If you take up this policy after 60 years old, you will be covered until the age of 65. To extend coverage to your husband or wife and children , they must also be a Singaporean, Singapore Permanent Resident or foreigner who is working or residing in Singapore.
You can choose from five different plan types (sum assured): $10,000, $50,000, $100,000, $150,000, and $200,000.
You can pay your premium either on a monthly or yearly basis and it will be deducted via your GIRO account with us. If you wish to pay your premium on a yearly basis, the yearly premium will be the monthly premium multiplied by 12 months.
The premiums that you pay are based on the sum assured and insured’s age next birthday. Premium rates will change when the insured enters a higher age band. Premium rates are not guaranteed and may be reviewed from time to time.
View premium rates for Basic and Deluxe covers
There are certain conditions whereby the benefits under the plans will not be payable. You can refer to the policy contract for the precise terms, conditions and exclusions of the plans. The policy contract will be issued when your application is accepted.
This page is for general information only. You can find the usual terms and conditions of this plan in the master policy contract issued to to National Trades Union Congress (“NTUC”). The cover for this plan will automatically end upon the termination of the master policy by either NTUC Income or NTUC. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. This plan does not have any cash value.
This plan is underwritten by NTUC Income.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact NTUC Income or visit the websites of the General Insurance Association of Singapore (www.gia.org.sg), the Life Insurance Association, Singapore (www.lia.org.sg) or Singapore Deposit Insurance Corporation (www.sdic.org.sg).
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